Toll Brothers (NYSE:TOL) Price Target Cut to $150.00 by Analysts at Wells Fargo & Company

Toll Brothers (NYSE:TOL) had its price target decreased by Wells Fargo & Company from $170.00 to $150.00 in a research report report published on Thursday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the construction company’s stock.

A number of other research analysts have also weighed in on TOL. Barclays cut their target price on shares of Toll Brothers from $135.00 to $115.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. UBS Group cut their price objective on Toll Brothers from $192.00 to $185.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Oppenheimer reaffirmed an “outperform” rating and issued a $189.00 target price on shares of Toll Brothers in a report on Thursday, December 12th. Seaport Res Ptn raised Toll Brothers from a “strong sell” rating to a “hold” rating in a research report on Monday, January 27th. Finally, Royal Bank of Canada downgraded shares of Toll Brothers to an “outperform” rating and set a $142.00 price objective on the stock. in a research note on Friday, January 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Toll Brothers currently has a consensus rating of “Moderate Buy” and an average price target of $150.86.

Toll Brothers Stock Performance

Shares of NYSE TOL opened at $115.16 on Thursday. The business’s 50-day simple moving average is $129.02 and its 200-day simple moving average is $141.40. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65. Toll Brothers has a 52 week low of $106.95 and a 52 week high of $169.52. The firm has a market cap of $11.50 billion, a price-to-earnings ratio of 7.93, a P/E/G ratio of 0.99 and a beta of 1.76.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.24). Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.91 billion. As a group, equities research analysts expect that Toll Brothers will post 14.15 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.92 dividend on an annualized basis and a yield of 0.80%. Toll Brothers’s payout ratio is currently 6.33%.

Insiders Place Their Bets

In other news, Director Paul E. Shapiro sold 3,837 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $134.14, for a total value of $514,695.18. Following the completion of the transaction, the director now directly owns 119,937 shares of the company’s stock, valued at approximately $16,088,349.18. This represents a 3.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Martin P. Connor sold 11,140 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $126.07, for a total value of $1,404,419.80. Following the completion of the sale, the chief financial officer now directly owns 20,618 shares in the company, valued at approximately $2,599,311.26. This represents a 35.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,202 shares of company stock worth $1,947,436 over the last quarter. Company insiders own 1.54% of the company’s stock.

Institutional Investors Weigh In On Toll Brothers

A number of hedge funds have recently made changes to their positions in TOL. Fiduciary Alliance LLC bought a new stake in Toll Brothers during the fourth quarter worth about $1,117,000. Franklin Resources Inc. grew its position in Toll Brothers by 5.4% during the 3rd quarter. Franklin Resources Inc. now owns 180,023 shares of the construction company’s stock worth $27,659,000 after acquiring an additional 9,195 shares during the last quarter. World Investment Advisors LLC bought a new stake in Toll Brothers during the 3rd quarter worth approximately $12,506,000. Chartwell Investment Partners LLC increased its holdings in Toll Brothers by 66.5% during the 3rd quarter. Chartwell Investment Partners LLC now owns 35,295 shares of the construction company’s stock valued at $5,453,000 after purchasing an additional 14,092 shares in the last quarter. Finally, Avior Wealth Management LLC raised its position in Toll Brothers by 4,894.1% in the 3rd quarter. Avior Wealth Management LLC now owns 3,396 shares of the construction company’s stock valued at $525,000 after purchasing an additional 3,328 shares during the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Company Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.